Bitcoin Price Predictions 2021-2022: Could Bitcoin Price Collapse?
What is the future of bitcoin and what are the bitcoin price predictions 2022?
Youssef Ahmed Youssef Ahmed's photo Follow on TwitterMay 6, 20211,424 4 min
bitcoin price predictions bitcoin future
Table of contents
Historical overview of the bitcoin price
What are the Bitcoin price predictions for 2021
What are the Bitcoin price predictions for 2022
Bitcoin future: Could we witness a bitcoin crash?
Trading School Advice on Bitcoin Trading
Historical overview of the bitcoin price
Bitcoin was first introduced in 2009 by an unidentified person known as Satoshi Nakamoto. In the same year, the first bitcoin transaction was made between Satoshi and Hal Finney for 100 units of bitcoin, and the price of the single bitcoin was announced at that time at $0.001.
In the year 2011, the price of Bitcoin rose and became worth one dollar, which brought it more attention, to continue rising in the same year to the levels of $ 31. The qualitative leap in Bitcoin’s march was in 2013, when WordPress accepted the payment for its services in Bitcoin, and Apple also allowed the use of the currency within its applications.
During his career, Bitcoin suffered a number of tremors, most of which were due to the refusal of governments to recognize and support it, in addition to the criminalization of dealing with it. The hacking of a number of digital currency exchanges and the theft of a large number of bitcoins also contributed many times to a resounding drop in their prices.
Bitcoin was able to overcome all the tremors it was exposed to due to the widespread circulation of it and its adoption by thousands of institutions and companies around the world as an official payment method, which pushed the value to reach a new record at $19,400 levels in December of 2017. However, the problems of regulation It came back again and pushed prices towards the $3,000 levels. Once again, the Bitcoin exceeded all of that and started a new ascent march, to achieve historical levels at the price of $ 63,000 in April of this year 2021.
Bitcoin History
Bitcoin price from October 2013 to May 2021 Taken from statista
What are the Bitcoin price predictions for 2021
The price of Bitcoin can be predicted according to the factors of technical analysis accurately, which indicate that the price will continue its upward trend to cross the $70,000 barrier. But the dilemma of digital currencies is represented in the set of news and laws that are built around it, which may undermine all expectations, in the event that a country decides to stop and ban Bitcoin trading, this will lead the prices to fall strongly and suddenly to the markets. That's why we always advise in the trading school to properly manage your capital as well as manage your risk.
Here we put in your hands the most famous predictions about the price of Bitcoin for the year 2021:
Forecast by the Economic Forecasting Agency: The agency expects Bitcoin to continue rising despite the adversities, reaching levels of $100,000 in December 2021.
Forecast by DigitalCoinPrice: It maintained its bullish forecast for Bitcoin, and saw that it will continue to rise, reaching $86,000 levels by the end of 2021.
The forecast issued by InvestingCube: This forecast sees that investors will return to buying aggressively after the price drop, which will push prices again to rise and set new records.
The prediction issued by Altcoin Buzz: We see in the trading school that this prediction is the closest to the logic and the rules of technical analysis, as the price rise towards the levels of $70,000 has been contingent upon the price continuing to trade above the $50,000 levels.
What are the Bitcoin price predictions for 2022
Within the sites specialized in digital currencies and their news, you will find many expectations, some of which are logical and some are exaggerated, and some of them indicate a strong rise, while other analyzes indicate a resounding decline, so we always call in the trading school to the necessity of evaluation procedures every period (every month on example) because the factors that affect the currency are many. Accordingly, we at the Trading School reserve any forecasts for a period longer than 6 months.
With that, we put in your hands the most important predictions about the price of Bitcoin in 2022, as follows:
Forecast issued by the Economic Forecasting Agency: According to a study they conducted, they believe that Bitcoin will continue to rise to reach a high of 188,000 dollars in August 2022.
Forecast by DigitalCoinPrice: This forecast maintains a bullish tone, as they predicted the cryptocurrency to reach $102,000 levels in 2022.
Coinpriceforecast Forecast: Just as with previous forecasts, this institution sees prices reaching an all-time high of 135,000 dinars during 2022.
PrevisioniBitcoin Prediction: This was the most optimistic forecast, they see that the Bitcoin price will reach $246.000 levels in May 2022.
Note: The previous expectations are the property of their owners, and we in the Trading School are not responsible for adopting them and working according to them.
You may need to know other digital currencies such as (Cardano, Binance Coin, Tether, Ripple, Stellar)
Bitcoin future: Could we witness a bitcoin crash?
A contemplator on the history of Bitcoin finds that it has been subjected to violent shocks and tumults due to regulatory issues and as a result of the hacking of a number of cryptocurrency exchanges and wallets. For example, its price fell from levels of 19,000 to 3,000 levels. It also fell from its highest peak at $63,000 levels to $48,000 in one week. These declines have led many to say that Bitcoin will inevitably collapse and that it is only a matter of time.
For example, Bill Gates (founder of Microsoft and one of the richest people in the world) is betting on the complete collapse of Bitcoin. Bill Gates also says that Bitcoin can go up or down based on the obsession alone, and there can be no clear way to predict how it will progress. That is why Bill Gates does not invest in or think about Bitcoin.
Bitcoin crash
Famous American businessman Bill Gates bets on the collapse of Bitcoin
On the contrary, the famous American businessman Elon Musk, the founder of Tesla, supports cryptocurrencies very strongly, and he announced that his company has invested millions of dollars in Bitcoin, and this was one of the reasons for the significant increases in its price in the recent period. Not only bitcoin, as Musk also strongly supports Dogecoin through his tweets on the Twitter platform, which also contributed to raising its prices and increasing its market value.
Now, with all this controversy surrounding the future of Bitcoin and digital currencies, Aqel does not deny that it was and still is among the most important investment opportunities for traders in the financial markets during the previous years.
Trading School Advice on Bitcoin Trading
As usual in the trading school, we always like to conclude our articles with a set of tips and recommendations that we believe will be in the interest of the investor if they are adopted. As for our advice within this article, they are as follows:
Cryptocurrencies fluctuate very much, they may rise or fall by 20% of their value in a day, so capital management and risk management are among the most important things that a trader must know.
Avoid short-term speculations in bitcoin and cryptocurrency trading, one stroke is enough to zero your account and lose your entire capital.
Do not set expectations for very long periods, as the factors affecting these currencies are very many, which in turn may turn things upside down. We at Trading School make forecasts for periods of no more than 6 months.
Do not trade in times of bad mood, the psychological factor in trading is one of the most important things that affect the decision-making process.
Don't use leverage at all, as well as being forbidden according to Islamic law, it is also the quickest recipe for loss.
Bitcoin and cryptocurrencies can be traded in an actual and speculative manner. In the case of speculation, you do not actually own the digital currency, but rather bets on the rise or fall